Total investments amount to CHF 131.0 million in the 2022 financial year (previous year: CHF 82.1 million). Just like the previous year, most of the CHF 22.6 million invested in property, plant and equipment were spent on conversion work involving premises at the Werdareal site in Zurich and on procurement of advertising inventories in the out-of-home business by Neo Advertising. Around CHF 10.6 million were invested in intangible assets (previous year: CHF 14.0 million). These related in particular to IT software (e.g. in platforms) which can be capitalised and the recognition of own work capitalised at JobCloud. CHF 96.3 million were invested in financial assets (previous year: CHF 41.8 million). These include investments involving time deposits (CHF 70.0 million) as well as investments in various fintech companies such as Stableton Financial AG, Everon AG and Selma Finance Oy.